The meme-themed token project MEME has seen its market capitalization briefly surpass $11 million, with a 24-hour surge of over 600x.

BlockBeats News, September 4th, according to GMGN data, the market capitalization of the Robinhood Chain's Stock Meme project MEME briefly exceeded $11 million, reaching a new high of $11.2 million. The price surged over 600 times in 24 hours with a trading volume of $7.8 million.

MEME is paired with the tokenized stock of AMC Entertainment (American cinema chain) under the stock symbol AMC. In addition, the Robinhood Chain's Stock Meme project CINEMA is also paired with AMC, and the two tokens compete for liquidity.

BlockBeats Note: Stock Meme is an emerging trend that directly combines traditional meme coins with tokenized US stocks: Meme coins are no longer paired with USDT or ETH but directly form trading pairs with on-chain stock tokens (such as NVDA, TSLA, AAPL, etc.). This approach retains the speculative nature of meme coins with high volatility and community-driven hype, while also capitalizing on the popularity and narrative of real stocks. Transaction fees often partially flow back to the community treasury to accumulate the corresponding stock tokens, creating a dual-drive model of "emotional hype + real asset anchoring." Due to significant price fluctuations, investment should be approached with caution.